Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Euro/Ugandan Shilling (FOREX:EURUGX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURUGX
The long term trend has been DOWN since Jul 9th, 2019 at 4163.5
The intermediate term trend has been DOWN since Aug 23rd, 2019 at 4082.5
The short term trend has been DOWN since Aug 15th, 2019 at 4125.3
Smart Scan Analysis for EURUGX
Based on a pre-defined weighted trend formula for chart analysis, EURUGX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).